Payments News

On The Web

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Global

How Japan is Moving Towards a Cashless Society with Digital Salary Payments

“The Japanese government is preparing to introduce a system for companies to pay salaries digitally – without going through bank accounts – by spring 2023. By promoting this system, which allows companies to transfer salaries to workers using smartphone payment apps, the government hopes to solve the complex issues facing foreign workers in Japan, expand […]
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Global

JCB International Has Expanded its Existing Partnership with Concardis

“JCB International Co., Ltd. , the international operations subsidiary of JCB Co., Ltd., has expanded its existing partnership with Concardis as part of the Nets/Nexi Group, one of Europe’s leading paytech providers, to enable JCB Contactless acceptance at several thousands of merchants in Germany, Austria, and Switzerland. Concardis and the entire Nets/Nexi Group and JCB […]
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Companies

Uber Ties Up With Rakuten for Food-Delivery Payments in Japan

“Uber Technologies Inc. will integrate Rakuten Group Inc. ’s payment services into its Uber Eats and later Uber mobility app in Japan, one of its key international markets. Rakuten, Japan’s homemade answer to Amazon.com Inc. , operates a broad range of e-commerce and fintech services and has a widely used Rakuten Points loyalty program. The […]
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Global

SoftBank’s PayPay Surges Ahead in Japan’s Digital Payments Race

“For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash – until sales staff from payments app PayPay swept through the low-lying district, persuading the store to give their product a try. With customers clamouring to use the service and nearby stores signing up, PayPay’s offer of free installation and […]

On The Wires

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Companies

Stripe Launches Konbini and Furikomi, Deepening Investment in Japan

“Stripe, a financial infrastructure platform for businesses, today announced that it supports two important forms of payments in Japan: Furikomi, a highly popular bank transfer method, and Konbini, the ubiquitous convenience store payment option. Now through a single integration, businesses of all sizes can use Stripe’s platform to accept Furikomi and Konbini payments, in addition […]
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Global

Smartpay Officially Launches the First All-in-one E-commerce Payment Solution and BNPL Service That Is Completely Free for Consumers

“Smartpay K.K. today announced the launch of its new “Buy Now Pay Later” (BNPL) service, which combines an all-in-one payment experience and interest free payment solution, designed to solve Japanese consumer payment issues and improve merchant conversion rates.Built out of a passion for enabling Japanese merchants to succeed in e-commerce, Smartpay aims to remove the […]
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Companies

Adyen Expands Acquiring Capabilities to Japan Amid Growing Momentum for Cashless Payments

“ADYEN (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Japan…This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, New Zealand, Hong Kong, Malaysia, and Singapore, and is supported by demand from international and domestic […]
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Deals

Netstars Raises JPY6.6 Billion From Investors Including KKR, SIG and LUN Partners | NETSTARS CO., LTD

“Netstars Co., Ltd. (“Netstars” or the “Company”), the operator of Japan’s largest QR code payment gateway, today announced the completion of a JPY6.6 billion funding round. The round, which was made through a combination of a capital infusion and the allotment of new shares, includes a JPY4 billion investment made from funds managed by global […]
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Domains

Coupa Announces Strategic Partnership With Japan Cloud to Establish Coupa K.K.

“Coupa Software (NASDAQ: COUP ), a leader in Business Spend Management, today announced a strategic partnership with Japan Cloud to establish a joint venture known as Coupa K.K. This joint venture will enable Coupa to scale to support the growing number of Japanese companies looking to gain greater efficiency and agility through Business Spend Management.”
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Domains

EMQ Launches High Value Cross-border Settlements in Japan

“EMQ, a global financial settlement network, announces today the launch of its high transaction value cross-border settlements in Japan, which enables global businesses to send a maximum of JPY30 million directly into local banks. This major enhancement further expands our global payment capabilities into Japan, empowering global businesses to capture new opportunities across the markets.”